Scotia Group — Page 82

Second day of gains for JSE Majors

November 23, 2021 by IC Insider.com

Market activity ended on Tuesday with the volume of shares trading rising marginally, with the value 62 percent higher than on Monday on the Jamaica Stock Exchange Main Market as declining stocks beat out those rising.
The All Jamaican Composite Index rallied 1,237.61 points to 431,445.53, the JSE Main Index popped 736.12 points to 390,292.37 and the JSE Financial Index added 0.29 points to end at 95.43.
Trading ended with 50 securities compared to 52 on Monday, with 17 rising, 23 declining and 10 ending unchanged. The PE Ratio, a formula for computing appropriate stock values, averages 15.4. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 9,056,607 shares traded for $98,885,368 up from 8,605,350 units at $61,182,683 on Monday. Transjamaican Highway led trading with 32.7 percent of total volume after an exchange of 2.96 million shares followed by Wisynco Group 15.7 percent, with 1.43 million units, Wigton Windfarm contributed 12 percent with 1.09 million units and Pulse Investments 11.3 percent for an exchange of 1.02 million units.
Trading averages 181,132 units at $1,977,707, compared to 165,488 shares at $1,176,590 on Monday and month to date, an average of 249,657 units at $2,893,458, versus 253,830 units at $3,057,633 on Monday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments fell 25 cents to $92.25 in trading 5,757 shares, Caribbean Producers rose 50 cents to $9.80 with 181,467 stock units crossing the market, Eppley picked up 50 cents to finish at $36 after exchanging 2,038 stocks. GraceKennedy fell 85 cents to end at $98 in switching ownership of 8,823 units, Guardian Holdings declined $5 to $520 with the swapping of 63,524 stocks, Jamaica Producers shed $2.50 in closing at $21.45 after exchanging 110,352 shares. JMMB Group lost 31 cents to settle at $38.19 with a transfer of 47,997 stock units, Margaritaville advanced $3.15 to end at $21 in trading 550 stock units, Mayberry Jamaican Equities lost 40 cents in ending at $8.50 after 1,800 shares cleared the market. NCB Financial rose $1 to $119 in exchanging 18,541 stock units, PanJam Investment rallied $3.50 to $71 with the swapping of 117,621 units, Sagicor Group spiked 49 cents to $53.99 after 1,940 stocks crossed the market. Scotia Group popped 30 cents to end at $34.30 with 41,558 stock units changing hands, Seprod rose 65 cents to close at $63.75 in switching ownership of 3,824 units, Sygnus Credit Investments dipped 48 cents in closing at $15.50 after trading 264,810 shares and Victoria Mutual Investments lost 40 cents to close at $5.60 in transferring 51,422 stocks.
In the preference segment, JMMB Group 7.25% fell 55 cents to $3.09 in an exchange of 1,475 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Trading plunges on JSE Main Market

November 22, 2021 by IC Insider.com

Market activity ended on Monday with the volume of shares trading declining modestly as the value plunged 69 percent below Friday trades at the close of the Jamaica Stock Exchange Main Market as rising stocks exceeded those falling, sending the market indices higher in the process.
The All Jamaican Composite Index surged 2,970.07 points to 430,207.92, the JSE Main Index climbed 2,743.08 points to 389,556.25 and the JSE Financial Index rose 0.65 points to end at 95.14.
Overall, 52 securities traded compared to 53 on Friday, with 20 rising, 18 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.4. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 8,605,350 shares changing hands for $61,182,683 versus 8,907,757 units at $199,296,925 on Friday. Transjamaican Highway led trading with 26.2 percent of total volume after a transfer of 2.26 million shares followed by Sagicor Select Manufacturing & Distribution Fund 23.6 percent, with 2.03 million units for 23.6 percent of the day’s trade and Sagicor Select Financial Fund with 11.7 percent after trading 1 million shares.
Trading averaged 165,488 units at $1,176,590, down from 168,071 shares at $3,760,319 on Friday and month to date, an average of 253,830 units at $3,057,633, versus 259,804 units at $3,184,829 on Friday. October averaged 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rallied 25 cents to $92.50 in exchanging 23,092 shares, Caribbean Cement advanced $1.50 to $79.50 after 127,950 stock units cleared the market, Caribbean Producers rose 69 cents to $9.30 in trading 395,498 units. First Rock Capital lost 29 cents to end at $10.70 with 65,160 stocks changing hands, GraceKennedy gained 35 cents in closing at $98.85 with the swapping of 119,221 shares, Guardian Holdings declined $4.30 to finish at $525 with 341 units crossing the exchange. Jamaica Broilers rallied $1.70 to end at $30.70 in switching ownership of 14,361 shares, Jamaica Producers popped $1.10 to $23.95 after exchanging 41,259 stock units, Kingston Properties fell 35 cents to $8.50 after a transfer of 2 stock units. Kingston Wharves fell $2 to $44 with an exchange of 89,079 stocks, Margaritaville declined $5.14 to $17.85, with 747 shares changing hands, NCB Financial popped 98 cents to $118 with a transfer of 58,400 units. PanJam Investment fell $2.50 to $67.50 in exchanging 100 stocks, Sagicor Group advanced $1.29 to $53.50 after trading 6,861 stock units, Scotia Group lost 30 cents in closing at $34 with the swapping of 86,295 units. Seprod shed 60 cents to close at $63.10 in switching ownership of 15,550 shares, Stanley Motta gained 32 cents to end at $5.82 in trading 1,000 stock units, Sygnus Credit Investments popped 32 cents to $15.98 after an exchange of 66,912 shares and Sygnus Real Estate Finance climbed 65 cents to $14.70 with 5,007 stocks changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Four additions to ICTOP10 listings

November 21, 2021 by IC Insider.com

ICTOP10 stocks have four new listings this week as recent profit results led to revisions to earnings, as a result, the Junior Market lost General Accident and Stationery & Office Supplies, while Berger Paints and PanJam Investment exited the Main Market ICTOP10.
General Accident inched from $6.60 last week to $6.70 this week, but earnings were revised downwards to 65 cents for the year, helping it exit the TOP10. New to this week’s ICTOP10 are the Junior Market’s Medical Disposables, with the price falling 23 percent to $5.20 from $6.78 last week and Caribbean Cream. Sygnus Credit Investments dropped out of the TOP10 the previous week and returns with the price dropping 17 percent from $18.90 down to $15.66 this past week, while Proven Investments also returns.
Big TOP10 movers this week are AMG Packaging up 41 percent in closing at $2.40 from $1.70 last week, Dolphin Cove leapt 22 percent to land at $12.50. In the Main Market, Caribbean Producers dipped 15 percent to close at $8.61 as some selling came in for the stock and Radio Jamaica has an analysts briefing on Tuesday coming and dropped 13 percent to an attractive entry of $3.06, with revenues and profit climbing over the last fiscal year’s outturn.
The top three Main Market stocks are Caribbean Producers, Guardian Holdings and JMMB Group, which are projected to gain between 212 to 283 percent expected versus last weeks’ 227 to 261 percent.
The top three stocks in the Junior Market are Caribbean Assurance Brokers, followed by AMG Packaging and Lasco Distributors. All three can gain between 154 and 207 percent, down from 209 percent and 253 percent previously.
The latest results show that there are many undervalued stocks, but investors should focus on these stocks that could show good earnings growth in 2022.
The average gains projected for the TOP 10 Junior Market stocks moved from 185 percent last week to 145 percent and Main Market stocks remains unchanged at 163 percent.
The Junior Market closed the week with an average PE 14.1 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the March 2020 historical average of 17, based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.3, with a 42 percent discount to that market’s average PE.
The Junior Market can gain 42 percent to March next year, based on an average PE of 20 and 21 percent based on an average PE of 17. Nine stocks representing 22 percent of all Junior Market stocks with positive earnings are trading at or above this level, down from seven last week, indicating that many others will rise towards 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.5, which is 23 percent less than the PE of 19 at the end of March and 29 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 52 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average PE of 25.5, suggesting that the accepted multiple maybe around 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Daily Trading, Dolphin Cove, Emerging markets, General Accident, GraceKennedy, Jamaican Stock Exchange, Jamaican stocks, junior market, Lasco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Cement weights down JSE Main Market again

November 19, 2021 by IC Insider.com

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The Jamaica Stock Exchange Main Market suffered a second day of significant decline as Caribbean Cement’s price plunged again on Friday to sit at $78 after more than a million shares traded, with the price hitting $69, as investors sold the stock down, following disclosure that company is proposing to increase the payout to its Parent, by way of increased management and other fees, up to four percent of revenues.
The All Jamaican Composite Index plunged 7,346.88 points, following Thursday nearly 5,000 points drop, to close the week at 427,237.85, and the lowest point since late-December last year. The JSE Main Index dived 6,433.10 points to 386,813.17 and the JSE Financial Index declined 1.26 points to end at 94.49.
Traded volume declined moderately as the value slipped 28 percent below Thursday trades as 53 securities changed hands compared to 51 on Thursday, with 20 rising, 21 declining and 12 ending unchanged.
The PE Ratio, a formula in computing appropriate stock values, averages 15.5. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 8,907,757 shares traded for $199,296,925 versus 8,679,973 units at $275,453,480 on Thursday. Caribbean Cement led trading with 15.6 percent of total volume with a transfer of 1.39 million shares, followed by Wigton Windfarm 10.8 percent with 958,831 units and JMMB Group 9 percent after trading 801,575 units.
Trading averages 168,071 units for $3,760,31 compared to 170,196 shares at $5,401,049 on Thursday $3,184,829, compared to 266,594 units at $3,142,230 on Thursday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 16 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Caribbean Cement dropped $3, to close at $78 in trading 1,393,328 shares, Eppley dipped 50 cents to $35.50 in an exchange of 954 units. First Rock Capital rallied 66 cents to $10.99 after trading 20,699 stock units, GraceKennedy climbed 50 cents to $98.50 in transferring 164,304 shares, Guardian Holdings advanced $3.30 to $529.30 with 22,141 stock units crossing the market. Jamaica Broilers declined $2.90 to close at $29 with the swapping of 3,590 units, JMMB Group lost 25 cents in closing at $38.50 in switching ownership of 801,575 stocks, Key Insurance shed 37 cents to end at $4.03 with the trading of 27,718 stock units. Kingston Properties rallied 31 cents to $8.85 with an exchange of 1,176 units, Kingston Wharves rose $1 to $46 with 11,717 shares changing hands, Margaritaville advanced $2.47 in closing at $22.99, with 1,551 units crossing the exchange. NCB Financial shed 98 cents to end at $117.02 with an exchange of 42,468 stocks, 138 Student Living rose 70 cents to $4.70 in transferring 4,360 shares, PanJam Investment lost 50 cents to close at $70 after exchanging 17,794 units, Portland JSX fell 89 cents to $6.61 with 500 shares clearing the market. Radio Jamaica lost 26 cents to close at $3.06 in switching ownership of 689,952 stock units, Sagicor Group shed 64 cents in ending at $52.21 while trading 103,931 shares, Seprod popped 65 cents to finish at $63.70 after exchanging 2,252 stocks. Supreme Ventures rose $1.48 to $18.48 with 66,957 units changing hands and Sygnus Real Estate Finance declined $1.93 to $14.05 after 1,700 stock units crossed the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Carib Cement plunges $23 on JSE Main Market

November 18, 2021 by IC Insider.com

Caribbean Cement pushed JSE down

Caribbean Cement plunged $23 to close trading f 1,185,267 shares, at $81, with investors reacting negatively to a resolution proposed by the company to be considered at the upcoming annual general meeting to establish the general framework for services provided by Cemex to CCCL as well as royalties for the use of trademarks, names and intellectual property owned by Cemex and licenced to CCCL.

Market activity ended on Thursday with the volume of shares trading declining 60 percent and the value 38 percent below Wednesday on the Jamaica Stock Exchange Main Market, as declining stocks overwhelmed those rising by almost two to one.
The All Jamaican Composite Index plunged 4,924.79 points to settle at 434,584.73, to hold just above the close for 2020, the Main Index fell 4,137.31 points to 393,246.27, pushing it into negative territory for the year and the JSE Financial Index lost 0.53 points to end at 95.75.
Trading occurred in 51 securities compared to 49 on Wednesday, with 14 rising, 26 declining and 11 ending unchanged. The PE Ratio, a formula for computing appropriate stock values, averages 15.5. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 8,679,973 shares traded for $275,453,480 down from 21,573,918 units at $444,836,346 on Wednesday. JMMB Group led trading with 16.2 percent of total volume for an exchange of 1.41 million shares, followed by Caribbean Cement with 13.7 percent for 1.19 million units and Sagicor Select Manufacturing & Distribution Fund with 10.2 percent after 886,447 units changed hands.
The average trade for the day was 70,196 units at $5,401,049 versus 440,284 shares at $9,078,293 on Wednesday and month to date, an average of 266,594 units at $3,142,230, compared to 273,987 units at $2,968,998 on Wednesday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Barita Investments slipped 46 cents to $92.44 with a transfer of 10,530 stocks, Caribbean Producers slipped 25 cents to $8.50 after trading 353,569 stock units, Eppley fell $1 in closing at $36 with 110 units clearing the market, Eppley Caribbean Property Fund shed $2 ending at $38 in switching ownership of 640 stocks. GraceKennedy lost 70 cents to $98 with the swapping of 490,267 shares, Guardian Holdings rose $1 to close at $526 with 158 stocks changing hands, Jamaica Broilers spiked $1.90 in closing at $31.90 after transferring 9,152 units. Jamaica Producers rose $1.25 to $22.85 in trading 34,751 shares, Key Insurance gained 32 cents to close at $4.40, with 11,000 stock units changing hands, Kingston Wharves fell $2 to $45 after 88,903 stocks crossed the exchange. Margaritaville popped $2.68 ending at $20.52 in switching ownership of 510 stock units, 138 Student Living lost 45 cents to end at $4 in exchanging 8,290 shares, Palace Amusement rallied $30 to $1,030 with 27 units clearing the market, PanJam Investment gained 50 cents in closing at $70.50 with an exchange of 18,453 shares. Proven Investments lost 49 cents to settle $33 with the swapping of 2,500 stock units, Sagicor Group declined $1.91 to end at $52.85 after 70,956 stocks crossed the market, Scotia Group fell $2 in closing at $34.50 with the swapping of 157,337 units. Seprod shed 70 cents to close at $63.05 in trading 12,286 shares, Stanley Motta lost 26 cents in ending at $5.40 with 1,000 stock units changing hands, Sygnus Credit Investments lost 41 cents to finish at $15.60 in trading 66,085 shares and Wisynco Group shed 45 cents to close at $16.50 in switching ownership of 114,643 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Trading jumps on JSE Main market

November 17, 2021 by IC Insider.com

Trading jumped sharply at the close of the Jamaica Stock Exchange Main Market on Wednesday, with the volume of shares trading rising 115 percent and the value surging 260 percent higher than on Tuesday, but the market indices eked out a modest rise as declining stocks edged those rising.
The All Jamaican Composite Index climbed 226.34 points to 439,509.52, the JSE Main Index squeezed out a gain of 3.56 points to end at 397,383.58 and the JSE Financial Index added 0.16 points to settle at 96.28.
Trading ended with 49 securities compared to 53 on Tuesday, with 19 rising, 20 declining and 10 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasts by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 21,573,918 shares changing hands for $444,836,346 versus 10,040,879 units at $123,722,251 on Tuesday. Carreras led trading with 39.9 percent of total volume after exchanging 8.60 million shares followed by JMMB Group with 13.4 percent for 2.89 million units, PanJam Investment held 9.3 percent with 2.02 million units, Sagicor Select Financial Fund accounted for 7.8 percent, with 1.68 million units and Wisynco Group with 5 percent with a transfer of 1.09 million units.
Trading averages 440,284 units at $9,078,293, compared to 189,451 shares at $2,334,382 on Tuesday and month to date, an average of 273,987 units at $2,968,998, up from 260,759 units at $2,483,031 on Tuesday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement popped $1 to close at $104 with 13,207 shares clearing the market, Caribbean Producers fell 75 cents to $8.75 after trading 979,439 stock units, GraceKennedy lost 30 cents to end at $98.70 in exchanging 293,347 stocks. Guardian Holdings declined $5 to finish at $525 with the swapping of 297 units, Jamaica Broilers advanced $1.30 to $30, with 15,077 stock units crossing the market, Jamaica Producers shed 60 cents to end at $21.60 in switching ownership of 450 units. JMMB Group fell $1.65 in closing at $38.80 with 2,893,439 shares crossing the exchange, Kingston Wharves rallied 50 cents to $47 in trading 2,100 stocks, Margaritaville advanced $1.41 to $17.84 in an exchange of 11,007 stock units. NCB Financial popped $2 to close at $118 in transferring 60,945 units, Palace Amusement dropped $24 to close at $1,000 after an exchange of 63 stocks, PanJam Investment gained 50 cents in closing at $70 after trading 2,015,921 shares. Proven Investments climbed 49 cents to $33.49 with 9,015 units changing hands, Sagicor Group popped $1.76 to end at $54.76 after 802,872 stock units crossed the market and Sygnus Credit Investments dipped 29 cents to $16.01 with a transfer of 144,549 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Gains for JSE Main Market Tuesday

November 16, 2021 by IC Insider.com

Market activity ended on Tuesday with the volume of shares trading declining 39 percent and the value 21 percent lower than on Monday, but the Jamaica Stock Exchange Main Market recorded gains in the indices as rising stocks edged those declining.
The All Jamaican Composite Index jumped 1,731.22 points to 439,283.18, the JSE Main Index climbed 2,587.35 points to 397,380.02 and the JSE Financial Index gained 0.70 points to end at 96.12.
Similar to Monday 53 securities traded, 22 rose, 19 declined and 12 ended unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 10,040,879 shares traded for $123,722,251 versus 16,492,088 units at $157,019,170 on Monday.
Wigton Windfarm led trading with 21.8 percent of total volume for an exchange of 2.19 million shares, followed by Transjamaican Highway with 21 percent for 2.11 million units and JMMB Group accounting for 12.5 percent after trading 1.25 million units.
Trading averaged 189,451 units at $2,334,382, compared to 311,171 shares at $2,962,626 on Monday and month to date, an average of 260,759 units at $2,483,031, compared to 267,472 units at $2,497,025 on Monday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows nine stocks ending with the bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Producers shed 50 cents to close at $9.50 in trading 337,191 shares, Eppley Caribbean Property Fund rallied $2.50 to $40 with the swapping of 720 stock units, First Rock Capital gained 35 cents to finish at $10.40 with 9,195 stocks crossing the exchange. Jamaica Producers picked up 30 cents to close at $22.20, with 78,484 units clearing the market, JMMB Group advanced $1.45 to $40.45 in swapping 1,250,450 shares, Kingston Wharves rose 50 cents to $46.50 in an exchange of 10,355 units. Margaritaville popped 53 cents to $16.43 with a transfer of 11,171 shares, MPC Caribbean Clean Energy dropped $8.99 to $101.01 in trading 392 stock units, NCB Financial shed $1 in closing at $116 in exchanging 49,886 stocks. Palace Amusement climbed $24 to end at $1,024 with 563 stock units changing hands, PanJam Investment spiked $1.50 to close at $69.50 with the swapping of 7,698 shares, Proven Investments gained 49 cents to end at $33 with an exchange of 6,359 units. Sagicor Group declined $1.50 to $53 after 668,437 stocks cleared the market, Salada Foods lost 46 cents in ending at $7 in trading 815 units, Scotia Group popped $2 to $36.50 in transferring 33,791 shares. Seprod gained 45 cents in closing at $63.95 after exchanging 8,641 stock units, Supreme Ventures shed 46 cents to end at $17 in switching ownership of 161,242 units and Sygnus Credit Investments fell $1 to $16.30 with 183,314 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Mild slippage for JSE Main Market

November 15, 2021 by IC Insider.com

The volume of shares trading at the close on Monday jumped 42 percent over Friday’s with a modest fall in the value leading the market into a modest decline in the overall market as stocks rising edged out those that declined on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dipped 92.62 points to 437,551.96, the JSE Main Index fell 378.65 points to 394,792.67 and the JSE Financial Index slipped 0.10 points to end at 95.42.
Similar to Friday, 53 securities traded, with 24 rising, 21 declining and eight ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.6. The PE ratio for the JSE Main and the USD Market closing quotes are based on earnings forecasts done by ICInsider.com for companies with financial years ending between the current year and August 2022.
Overall, 16,492,088 shares traded for $157,019,170 versus 11,630,690 units at $178,515,393 on Friday. Wigton Windfarm controlled 41.8 percent of total volume to be the lead trade with 6.89 million shares, JMMB Group followed with 12.6 percent, after an exchange of 2.08 million units, Transjamaican Highway contributed 10.4 percent with 1.72 million shares and Sagicor Select Manufacturing & Distribution Fund ended with 8 percent after trading 1.32 million units.
Trading averaged 311,171 units at $2,962,626, compared to 219,447 shares at $3,368,215 on Friday and month to date, an average of 267,472 units at $2,497,025, compared to 262,931 units at $2,448,639 on Friday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 15 stocks ending, with bids higher than their last selling prices and two with lower offers.
In trading, Berger Paints shed 68 cents to end at $14.15 in trading 1,795 shares, Caribbean Cement advanced $3 to close at $103, with 21,638 stock units crossing the market, Eppley Caribbean Property Fund lost 50 cents to end at $37.50 in an exchange of 803 stocks. First Rock Capital dropped 61 cents to $10.05 in exchanging 127,197 units, Guardian Holdings climbed $20 to $530 with an exchange of 4,012 units, Jamaica Producers fell $1.50 in closing at $21.90 after exchanging 41,233 stocks. JMMB Group climbed $1.20 to end at $39 in switching ownership of 2,083,245 stock units, Kingston Wharves gained 80 cents to close at $46, with 8,366 shares changing hands, Margaritaville spiked 60 cents to $15.90 with the swapping of 18,076 stocks. NCB Financial rose $1.98 to $117 while exchanging 31,547 stock units, Palace Amusement rallied $40 to $1000, trading 157 units, PanJam Investment popped $1.70 to $68 with 24,886 shares changing hands. Proven Investments declined 99 cents to $32.51, with 8,710 stock units clearing the market, Sagicor Group climbed 50 cents in closing at $54.50 in exchanging 218,439 shares, Salada Foods popped 46 cents to $7.46 after 22,641 stocks crossed the exchange. Scotia Group rose 45 cents to $34.50 after trades of 138,131 units and Sygnus Credit Investments lost $1.60 to $17.30, with 335,969 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit Investments, Sygnus Real Estate Finance, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

4 new ICTOP10 stocks to make you money

November 13, 2021 by IC Insider.com

After some weeks with no change to the ICTOP10 stocks, this week has four changes following two stocks that rose in price to drop out of the top listings and two significant earnings upgrades.

Caribbean Producers traded 52 weeks’ high during the week following a near US$2 quarterly profit.

Medical Disposables jumped 23 percent this week and 60 percent for the year to date and fell out of the TOP10. The fallout follows strong results to September, with revenues climbing 48.6 percent in the quarter to $936 million and 42 percent for the six months to $1.6 billion with a profit of $21 million in the quarter versus a loss of $6 million in 2020 and $47 million for the half year from a loss of $13 million in 2020. Lasco Distributors replaced the stock after the price fell to $3.25 on Friday. Out of the Main Market comes Sygnus Credit Investments that closed the week with a rise of 5 percent to $18.90, Grace Kennedy with earnings adjusted downward and Proven with a modest price rise.
AMG Packaging with earnings per share upgraded to 30 cents now heads ICTOP10 Junior Market stocks. The company has completed the expansion of its factory, the installation of the new machine expected by January next year. The new machine is expected to reduce operating costs and provide capacity to increase production, using either virgin or recycled paper. In the Main Market, Caribbean Producers with the price up 261 percent for the year to date, received a major earnings upgrade to J$1.65 per share from $1.20, following the release of first quarter results. PanJam Investments and Sagicor Group, with earnings upgraded and Scotia Group with a fall in price to $34.05, return to the ICTOP10.
During the past week, Caribbean Brokers jumped 30 percent to close at $2.32 after hitting $2.96 on Thursday, following the company’s surprise to the market with outstanding results for the nine months to September. Elite Diagnostic rose 15 percent ahead of the release of the first quarter results that show increased sales over the June quarter and ended with a loss of $500,000 in the quarter versus a $10million loss in 2020, but the company generated cash inflows of $27 million for the quarter, slightly more than the dividend they recently paid. General Accident rose 8 percent ahead of quarterly results, Stationery & Office Supplies gained 7 percent, following improved nine months results. In the Main Market, Caribbean Producers jumped 24 percent following a big spike in September quarterly profit, but the stock has much more to do with earnings upgraded to J$1.65 per share for the year. Proven rose 6 percent, the rest were mostly downhill with a 10 percent fall for Guardian Holdings, VM Investments fell 7 percent and Radio Jamaica slipped 8 percent as investors reacted hurriedly to half year results that show the company is on track to reach ICInsider.com forecast of 45 cents per share.
The top three Main Market stocks are Guardian Holdings, Berger Paints and Caribbean Producers. These stocks are projected to gain between 227 to 261 percent expected versus last weeks’ 220 to 230 percent.
The top three stocks in the Junior Market are AMG Packaging, Elite Diagnostic, followed by Lasco Financial. All three can gain between 209 and 253 percent, from 203 percent and 297 percent previously.
This week’s focus: Earnings season is over, with a few more companies to post results. They were many positives to take from the results published so far, with many companies reporting increases for the latest quarter and the year to date. By all account, Caribbean Producers results must be the most outstanding, moving from a loss in 2020 to record first quarter profits and promise of much more. NCB Financial is worth a good look with strong fourth results that reflect improving net interest income and recovery from some poor quarters previously. Significantly, loans, the best indicator for future profits, grew a robust 16 percent for the year. Watch NCB.
The latest results show that there are many undervalued stocks, but investors should focus on these stocks that could deliver good earnings growth in 2022.
The average gains projected for the TOP 10 Junior Market stocks moved from 191 percent last week to 185 percent and Main Market stocks moved from 159 percent to 163 percent.
The Junior Market closed the week with an average PE 13.6 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the historical average of 17 for the period to March this year, based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 7.1, with a 53 percent discount to that market’s average PE.
The Junior Market can gain 47 percent to March next year, based on an average PE of 20 and 25 percent based on an average PE of 17. Six stocks represent 15 percent of all Junior Market stocks with positive earnings are trading at or above this level, down from seven last week, indicating that many others will rise towards the 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.5, which is 23 percent less than the PE of 19 at the end of March and 29 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 51 percent discount to the market and well below the potential of 20. A total of 12 stocks or 25 percent of the market trade at or above a PE of 19, with most over 20, for an average PE of 25.5, suggesting that the accepted multiple maybe around 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners. Accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Drop again for JSE Main market

November 12, 2021 by IC Insider.com

Market activity ended on Friday with the volume of shares trading falling 59 percent and the value marginally greater than Thursday as declining stocks overpowered those rising three to two on the Jamaica Stock Exchange Main Market as NCB Financial hit a closing 52 weeks’ low.
The All Jamaican Composite Index fell 2,854.98 points to 437,644.58, the JSE Main Index declined 2,810.34 points to 395,171.32 and the JSE Financial Index shed 0.88 points to end at 95.52.
Trading ended with 53 securities compared to 49 on Thursday, with 16 rising, 25 declining and 12 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 11,630,690 shares changing hands for $178,515,393 versus 28,191,943 units at $175,549,676 on Thursday. Scotia Group led trading with 23 percent of total volume for an exchange of 2.68 million shares, followed by Radio Jamaica with 17.3 percent after trading 2.01 million units, Transjamaican Highway accounted for 11.9 percent with 1.39 million units and Mayberry Investment 10 percent after trading 1.16 million shares.
Trading averages 219,447 units at $3,368,215, compared to 575,346 shares at $3,582,646 on Thursday and month to date, an average of 262,931 units at $2,448,639, compared to 267,974 units at $2,341,992 on Thursday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement fell $2.20 to $100 trading 17,409 shares, Eppley fell 79 cents to $37 with 265 units crossing the market, GraceKennedy slipped 94 cents to $99 after exchanging 387,356 stock units. Guardian Holdings declined $10 to $510, with 889 stocks crossing the exchange, Jamaica Producers advanced $1.40 to $23.40, after 3,880 units cleared the market, JMMB Group gained 30 cents after ending at $37.80 after an exchange of 116,390 shares. Kingston Properties lost 43 cents to close at $8.57 in trading 738 stock units, Margaritaville dipped 60 cents to $15.30 with a transfer of 74,498 shares, Mayberry Jamaican Equities rose 61 cents to $9.12, in swapping of 1,900 units. NCB Financial declined $4.68 to a 52 weeks’ closing low of $115.02 in transferring 34,177 shares, Palace Amusement dropped $20 to $960 after trading two stocks, PanJam Investment fell $1.70 to $66.30 with the swapping of 6,504 stock units. Proven Investments advanced $1.99 to $33.50 with 1,706 units changing hands, Radio Jamaica shed 70 cents in closing at $3.50 with the swapping of 2,014,280 stocks, following the release of record six months results, Sagicor Group lost 50 cents to finish at $54 in trading 404 stock units. Salada Foods slipped 50 cents to $7 with an exchange of 45,736 shares, Scotia Group fell $1.95 to end at $34.05 after trading 2,680,542 stock units, Supreme Ventures shed 71 cents to close at $17.23 in switching ownership of 18,990 stocks. Sygnus Credit Investments rallied 78 cents to $18.90 in an exchange of 143,034 units and Sygnus Real Estate Finance declined $1.99 in closing at a 52 weeks’ low of $16 with 10,981 shares clearing the market.